2009, English, Article, Working paper edition: Emerging market fluctuations [electronic resource] : what makes the difference ? / Constantino Hevia. Hevia, Constantino.

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Bookmark: http://trove.nla.gov.au/version/38615692
Published
  • [Washington, D.C. : World Bank, 2009]
Language
  • English

Edition details

Title
  • Emerging market fluctuations : what makes the difference ? /​ Constantino Hevia.
Author
  • Hevia, Constantino.
Other Authors
  • World Bank
Published
  • [Washington, D.C. : World Bank, 2009]
Medium
  • [electronic resource]
Series
Subjects
Summary
  • "Aggregate fluctuations in emerging countries are quantitatively larger and qualitatively different in key respects from those in developed countries. Using data from Mexico and Canada, this paper decomposes these differences in terms of shocks to aggregate efficiency and shocks that distort the decisions of households about how much to invest, consume, and work in a standard model of a small open economy. The decomposition exercise suggests that most of these differences are explained by fluctuations in aggregate efficiency, distortions in labor decisions over the business cycle, and, most importantly, fluctuations in country risk. Other distortions are quantitatively less important. "--World Bank web site.
Notes
  • Title from PDF file as viewed on 5/​7/​2009.
  • Includes bibliographical references.
  • Also available in print.
Technical Details
  • System requirements: Adobe Acrobat Reader.
  • Mode of access: World Wide Web.
Language
  • English
Libraries Australia ID
Contributed by
Libraries Australia

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